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Blog Profile / Greg Mankiw's Blog


URL :http://gregmankiw.blogspot.com
Filed Under:Business & Finance / Economics
Posts on Regator:2387
Posts / Week:6.9
Archived Since:June 7, 2008

Blog Post Archive

The One Percent, Updated

Piketty and Saez have updated their famous one-percent graph to 2013. It is above. (Click on graphic to enlarge.)One thing that commentators sometimes fail to notice is that the big increase in the one percent's income share came from 1980 to 2000. Show More Summary

The 2014 Employment Boom

Why did employment grow by about 3 million in 2014? Here is the answer from a new paper: We measure the effect of unemployment benefit duration on employment. We exploit the variation induced by the decision of Congress in December 2013 not to reauthorize the unprecedented benefit extensions introduced during the Great Recession. Show More Summary

Lazear on Wage Stagnation

Eddie writes: The share of the private workforce employed in the BLS-defined industries “financial activities” and “hospitals” decreased by about 5% between 2010 and 2014. Jobs in these industries pay 29% and 24%, respectively, above the economy mean. Show More Summary

The Rise of Economists

Justin Wolfers documents: "in recent years around one in 100 [New York Times] articles mentions the term “economist,”...Far fewer articles mention the terms historian or psychologist, while sociologists, anthropologists and demographers rarely rate a mention."

News from Amazon

Here are a few screen shots taken from Amazon today. To users of my favorite textbooks: Thank you! Have a great semester.

Leave the laptop in your dorm

I have long been skeptical about students using laptops in class to take notes. I had the sense that their brains were less engaged and that they were acting more like stenographers than students. But I was not entirely sure my hunch was right. According to research described in this article, it was.

The New Economics of the Left

According to this article, some members of the Democratic party are moving from mainstream to heterodox economic theory. If Bernie Sanders runs for the Democratic presidential nomination, as now appears likely, this development should keep things entertaining for us econonerds.

An Odd Question

Those who attended either of the sessions I was involved with at the ASSA meeting know that the audience included some hecklers. During the first session, I was the target. During the second, Larry Summers was. (At one point, the moderator...Show More Summary

Me at the ASSA Meeting

I have a busy few days at the upcoming ASSA meeting in Boston. For those interested, I will be involved in the following public events:Jan 03, 2015 8:00 am, Sheraton Boston, Independence Ballroom American Economic Association A Discussion of Thomas Piketty's "Capital in the 21st Century" (D3) Presiding: N. Show More Summary

NY Theater

My family and I have spent the past several days in New York City enjoying some theater (and fine dining). We much enjoyed A Gentleman's Guide to Love and Murder. But the revival of Cabaret with Emma Stone as Sally Bowles and Alan Cumming as the Emcee was amazing. It is open only for a few more months. I strongly recommend you see it if you can.

Getting a Raise from Vladimir Putin

An American ex-pat reflects on the falling value of the ruble.

The Peltzman Effect

My friend Allen Sanderson points out these headlines in today's Wall Street Journal:Safety Gear Helps Reduce U.S. Traffic Deathsand Cities Target Elevated Levels of Pedestrian DeathsAs Sam Peltzman pointed out years ago, when cars get safer, drivers are less careful, increasing externalities on pedestrians.

The Affair

The best new TV show this year, at least among those I have seen, is Showtime's The Affair. It is a compellingly written and acted drama and crime story told, alternately, from two perspectives. If you want to check out the first episode, you can do so here. (One of the lead actors is Dominic West, who played McNulty in The Wire, another of the all-time great TV shows.)

After Obamacare

Republicans in Congress talk regularly about repealing the Affordable Care Act, aka Obamacare. They have not, however, said much about what they will replace it with. One possibility is the plan described here.

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